Marcus & Millichap Capital Arranges $11.36M Loan For Staybridge Suites Augusta Hotel

The transaction involves a 92-key extended stay hotel located at 2540 Center West Parkway in Augusta, GA. The total financing amount for the property is $11,360,000, facilitated through a local credit union. The loan features a 3-year term, a 5.7% interest rate, and a 25-year amortization schedule.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $11,360,000
• Address: 2540 Center West Parkway
• Market: Augusta, GA
• Asset Keys: 92
• Broker Representative: Todd Phillips - Marcus & Millichap

The financing for Staybridge Suites Augusta was arranged by Marcus & Millichap Capital, which played a crucial role in securing the loan through the local credit union.